Wave Accounting Description
Free, powerful accounting software. Wave's simple-to-use accounting program can connect to your bank accounts, sync expenses, balance your books and prepare you for tax time. Get in control of your finances now. Wave was designed for small business owners. Wave is simple software that makes sense. Everything is set up once you create your account so that you can start right away. You can access it from anywhere and at any time. For added security, your data is always accessible and backed up. In seconds, you can connect your bank accounts. You can forget about manual receipt entry and the transactions will automatically appear in your bookkeeping. To make better business decisions, keep an eye on the big picture. Our robust reports are simple to use and provide month-tomonth and year-to-year comparisons, so you can identify cash flow trends. Tax time is easy when everything is in its right place.
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Wave Accounting Features and Options
Accounting Software
Billing and Invoicing Software
Bookkeeping Software
Real Estate Accounting Software
Accounts Receivable Software
Wave Accounting Lists
Wave Accounting User Reviews
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Wave accounting Date: May 31 2020
Summary: Overall Wave can be used for small business or personal finance and it's free. I love this easy to use software.
Positive: What I love about Wave is that the accounting and reports, sending invoices, receipt scanning and email support all included for FREE. You cant beat that!
Negative: Well if you have to pick something to dislike about a FREE software I guess I'd have to say I dislike that Wave seemed so new and they are constantly updating and I'm always losing where things are kept. I have a terrible memory!
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Best invoicing program Date: Apr 28 2020
Summary: It's great for any business. Great for a free platform and only costs when you accept credit card payments.
Positive: Easy to create invoices and really like how there's a mobile app to create invoices on the go. Can add team members too!
Negative: They used to not have double entry accounting but they do now.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Great and easy Date: Apr 13 2020
Summary: Great for a business of any size. Amazing that it's free and only costs processing costs. Definitely a win.
Positive: Love how professional invoices look and branded. That was the big selling point for me that others didn't have
Negative: There is not much I don't like. They've done updates to remove what I didn't like
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Great Free App Date: Jun 19 2022
Summary: This is a simple, perhaps rudimentary accounting software, but for small, simple operations, Wave may be all you need. Upgrade to Xero or Quickbooks online when things get more complex or you're ready to hire a bookkeeper (if they won't work in Wave)
Positive: This is probably the best self-employed, low budget accounting solution available on the market because you can't beat the price (FREE).
Negative: The reports are not nuanced. You won't get a P&L detail or a P&L by month across multiple months...the rules are not very dynamic.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Accounting software Date: Dec 21 2023
Summary: I am not sure that I will continue to use it after the mess this year still working on fixing the messes.
Positive: It is free easy to use. It takes a lot to set it up but the invoicing and ease of payment for clients is great.
Negative: This year this software has disappointed me it has lost bank connections and then tripled the transactions I am not happy and am looking for something that works better. The financial statements are not very professional looking. It does not always remember the proper place to put things and so you really have to be careful reviewing process has to be intense. I am not sure that I will continue to use it after the mess this year still working on fixing the messes. If you have more than one person as admin it screws it up so bad.
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Likelihood to Recommend to Others1 2 3 4 5 6 7 8 9 10
Don't trust your business finances to this company Date: May 06 2021
Summary: We were on Wave for about 5 years and become dependent on their systems. Suddenly they removed support for our Wells Fargo Bank feed and blamed their bank feed integration partner. We verified directly with the bank feed integrator that they still supported the feed from our bank. I complained and complained to Wave's India support and finally confronted them with what the feed integrator said. They were completely dismissive. When I said they didn't understand the needs of a US business, the support manager went into a tirade and terminated any future support for our account. I filed a BBB complaint and the company responded that I was "insensitive" and refused to do anything. We're now having trouble getting our financial data out of their systems. These are horrible entitled people. Here's a perfect example of the cost of free. It's costing us 10s of thousands of dollars to migrate and reconstitute our financial data to a new SaaS provider. Buyer Beware.
Positive: We could manage the accounting for our small business until we couldn't. The software worked until it didn't.
Negative: Zero respect for the criticality of a businesses accounting systems and data
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